beluuga.ai

Overview

Wholesale Trade

Restar Corporation

Restar Corporation is a diversified electronics and technology group operating across three core segments: Device BU (domestic and international semiconductor/electronic component sales, system proposals, LSI design, and supply chain management), System BU (AV/communications solutions for broadcasting, enterprise, education, medical, and government sectors; cashless terminal development; renewable energy operations; and plant factory vegetable production/sales), and IT&SIer BU (software development, industrial PC design/manufacturing, and semiconductor design/testing services). The company leverages a broad supplier lineup and deep technical expertise to deliver high-value-added solutions across the electronics value chain. Its global procurement capabilities and EMS operations through CU TECH CORPORATION further strengthen its competitive position in Asia and beyond.

Activists: Former Murakami Fund group (City Index Eleventh, Reno, Minamiaoyama Real Estate) 0.18%

Market Cap

¥155B

US$987M

¥270B

US$1.71B

Stock¥5,520▼-2.65%

US$1 = ¥157.25 (2026-10-30)

LTM EV/EBITDA

9.2

LTM EV/EBIT

10.2

LTM PER

12.2

LTM PBR

1.6

Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+92.6%pt

Nov 4, 25 – Nov 2, 26StockTOPIX

1Aug 10, 26Q1 FY2027/03 earnings announced

2Oct 15, 26US CPI beat, rate rise triggers AI chip stock selloff

MC → EV Bridge

AI Briefing

Restar: diversified electronics group spanning device distribution, systems integration and IT services across Japan/Asia, built on the 2019 UKC-Vitech merger. FY26/3 revenue ¥631B with OP margin steady at 2.7%, growth led by Device BU and overseas subsidiaries like PALTEK and Dexerials-affiliated units. Thin margins and concentrated ownership (KMF 23%, Sony-linked trust 10%) keep this a scale-driven, low-margin distribution story rather than a re-rating candidate.

Open Restar Corporation in the demo →Comps, DCF and WACC for this company. Free, no time limit.

Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

40%

60%

EquityD/E 1.53xDebt

Liquidity vs Debt 5Y (¥B)▼ Net Debt

CashInv. Sec.Debt

Shareholders

Top 10 hold 58.5%

as of 2026-03-31 · Source: Annual Securities Report

KMF Co., Ltd.

23.43%

Mizuho Trust & Banking Co., Ltd. (Retirement Benefit Trust, SONY GROUP CORPORATION Account; Re-trustee: Custody Bank of Japan, Ltd.)

10.49%

The Master Trust Bank of Japan, Ltd. (Trust Account)

7.68%

SBI Holdings,Inc.

3.55%

MUFG Bank, Ltd.

2.91%

Restar Corporation Employee Stock Ownership Association

2.57%

Mizuho Bank, Ltd.

2.46%

Shinko Shoji Co.,Ltd.

1.95%

STATE STREET BANK AND TRUST COMPANY 505223

1.81%

Custody Bank of Japan, Ltd. (Trust Account)

1.60%

Management

12 officers

Kunihiro KONNO

Representative Director, Chairman and CEO

Apr 1987 Established Vitec Co., Ltd. (now Vitec Holdings Co., Ltd.), Representative Director, President Nov 1996 Director and Adviser, Vitec Co., Ltd. Jun 2003 Special Adviser, Vitec Co., Ltd. Jun 2012 Representative Director, Chairman, Vitec Co., Ltd. Apr 2013 Representative Director, Chairman and President, Vitec Co., Ltd. Jan 2018 Representative Director, President, Vitec Global Electronics Co., Ltd. (Restar Electronics Co., Ltd.) Apr 2018 Representative Director, Chairman, Vitec Vegetable Factory Co., Ltd. Aug 2018 Director, Chairman, Vitec Vegetable Factory Co., Ltd. Apr 2019 Representative Director, Chairman and CEO, the Company Apr 2020 Representative Director, CEO, the Company Jun 2023 Representative Director, Chairman, President and CEO, the Company Apr 2024 Representative Director, Chairman and President, the Company Nov 2024 Trustee, Senshu University (current) Jun 2025 Representative Director, Chairman and CEO, the Company (current)

1940-07-15

Shinichi HAYASHI

Representative Director, President and COO

Apr 1988 Joined Matsushita Electric Industrial Co., Ltd. (now Panasonic Corporation) Apr 2006 Representative Director, President, Matsushita Techno Trading Co., Ltd. Apr 2011 Head of Centralized Contract Center, Procurement Division, Panasonic Corporation Jan 2016 Representative Director, President, Panasonic Manufacturing Philippines Corporation; Representative Director, President, Panasonic Philippines Corporation Apr 2019 General Manager, Beauty and Personal Care Business Division, Appliances Company, Panasonic Corporation Oct 2021 Vice President and General Manager, Beauty and Personal Care Business Division, Living Appliances Company, Panasonic Corporation Oct 2022 Vice President and Chief Strategy Officer (CSO), Living Appliances Company, Panasonic Corporation Apr 2025 Adviser, the Company Jun 2025 Representative Director, President and COO, the Company (current)

1964-03-27

Hiroaki KONNO

Director, Senior Managing Executive Officer

Apr 1997 Joined Asahi Fire & Marine Insurance Co., Ltd. (now Rakuten General Insurance Co., Ltd.) Jun 2009 Auditor, Vitec Co., Ltd. (now Vitec Holdings Co., Ltd.) Apr 2013 Joined Vitec Co., Ltd. Apr 2017 Executive Officer, Vitec Co., Ltd.; Managing Director, Vitec Green Energy Co., Ltd. Apr 2018 Representative Director, President, Vitec Enesta Co., Ltd. Apr 2019 Group Executive Officer, the Company Apr 2020 Managing Executive Officer, the Company Apr 2022 Senior Managing Executive Officer, the Company Apr 2023 Representative Director, President, Restar Communications Co., Ltd. Jun 2023 Representative Director, Senior Managing Director, the Company Apr 2024 Representative Director, Senior Managing Director; General Manager, System Business Unit, the Company Jun 2025 Director, Senior Managing Executive Officer; General Manager, System Business Unit, the Company Jul 2025 Director, Senior Managing Executive Officer; General Manager, System Business Unit, the Company; Representative Director, President, V-Power Co., Ltd. Jun 2026 Director, Senior Managing Executive Officer; General Manager, System Business Unit, the Company; Director, V-Power Co., Ltd. (current)

1973-01-09

Masahiro SHIBATA

Director, Managing Executive Officer

Apr 1995 Joined USC Co., Ltd. (the Company) Apr 2013 Managing Director, UKC Electronics (Singapore) Pte. Ltd. (now Restar Electronics Singapore Pte. Ltd.) Sep 2017 Managing Director, UKC Electronics (H.K.) Co., Ltd. (now Restar Electronics Hong Kong Co., Ltd.) Sep 2019 General Manager, Restar Electronics Hong Kong Co., Ltd. Apr 2023 Executive Officer, Restar Electronics Co., Ltd. Jul 2023 Senior Managing Executive Officer, Restar Electronics Co., Ltd. Apr 2024 Senior Managing Executive Officer; General Manager, Device Business Unit, the Company Jun 2025 Director, Managing Executive Officer; General Manager, Device Business Unit, the Company Jan 2026 Director, Managing Executive Officer; General Manager, Device Business Unit, the Company; Representative Director, President, Restar WPG Co., Ltd. (current)

1972-12-26

Kiyoshi TOGAWA

Director, Managing Executive Officer

Apr 1971 Joined Hitachi Chemical Co., Ltd. (now Resonac Corporation) Apr 2000 Executive Officer; General Manager, International Business Promotion Office, Hitachi Chemical Co., Ltd. Apr 2004 Managing Executive Officer; General Manager, Sales Division, Hitachi Chemical Co., Ltd. Apr 2007 Senior Managing Executive Officer; General Manager, Sales Division, Hitachi Chemical Co., Ltd. Oct 2007 Global Director, SEMI (Semiconductor Equipment and Materials International), San Jose, California, U.S. Apr 2010 Senior Managing Executive Officer; General Manager, Management Strategy Division and Group Company Office, Hitachi Chemical Co., Ltd. Jun 2015 Outside Director, Showa Electric Wire & Cable Holdings Co., Ltd. (now SWCC Corporation) Sep 2017 Outside Audit & Supervisory Board Member, the Company Jun 2018 Outside Director (Audit and Supervisory Committee Member), the Company Jun 2024 Outside Director, the Company Jan 2025 Director, the Company Jun 2025 Director and Executive Officer, the Company Apr 2026 Director, Managing Executive Officer; General Manager, Corporate Head Office, the Company (current)

1948-05-21

Susumu FUTAJIMA

Director, Executive Officer

Apr 1990 Joined Kawatetsu Lease Co., Ltd. (now Tokyo Century Corporation) May 1995 Joined Vitec Co., Ltd. (now Vitec Holdings Co., Ltd.) Jun 2003 Joined Honda Trading Corporation Sep 2012 Joined MISUMI Group Inc. May 2015 Joined Vitec Co., Ltd. (now Vitec Holdings Co., Ltd.) Apr 2019 Executive Officer; General Manager, Finance Department, the Company Jun 2019 Outside Director, Digital Media Professionals Inc. Jul 2021 Executive Officer; General Manager, Management Planning Department and General Manager, DX Promotion Department, the Company Apr 2022 Managing Executive Officer, the Company Apr 2024 Senior Managing Executive Officer in charge of Corporate Head Office, the Company Jun 2025 Director, Executive Officer; General Manager, Corporate Head Office, the Company Apr 2026 Senior Managing Executive Officer in charge of Corporate Head Office, the Company (current)

1968-02-18

Jin-hyeok YOON

Director

Apr 1979 Joined Samsung Electronics Co., Ltd. Apr 2006 Executive Vice President and General Manager, Mobile Display Business Unit, LCD Division, Samsung Electronics Co., Ltd. Apr 2009 Executive Vice President and General Manager, Samsung Mobile Display Co., Ltd. (now Samsung Display Co., Ltd.) Apr 2010 Representative Director, Nihon Samsung Co., Ltd. Apr 2012 President and Representative Director, S-1 Corporation Apr 2013 Chairman, Korea Industrial Technology Protection Association Jan 2018 Adviser, S-1 Corporation Apr 2020 Adviser (part-time), the Company Jun 2024 Outside Director, the Company (current)

1953-10-06

Toshiyuki SUZUKI

Director (Full-time Audit and Supervisory Committee Member)

Jun 1987 Joined Vitec Co., Ltd. (now Vitec Holdings Co., Ltd.) Apr 2010 Executive Officer, Vitec Co., Ltd. Apr 2012 Managing Executive Officer, Vitec Co., Ltd. Jun 2015 Director, Vitec Holdings Co., Ltd.; Representative Director, President, Vitec Global Electronics Co., Ltd. Apr 2017 Managing Director, Vitec Global Electronics Co., Ltd. Oct 2018 Senior Managing Director, Vitec Global Electronics Co., Ltd. Apr 2019 Director, Managing Executive Officer, Restar Electronics Co., Ltd. Apr 2020 Assistant to the President, Restar Electronics Co., Ltd. Apr 2023 Attached to Audit and Supervisory Committee, Restar Holdings Corporation Jun 2023 Director (Full-time Audit and Supervisory Committee Member), the Company (current)

1962-10-23

Takemi KONNO

Director (Full-time Audit and Supervisory Committee Member)

Apr 1996 Joined Kaga Electronics Co., Ltd. Apr 2006 Joined Infonics Co., Ltd. Oct 2009 Joined PTT Co., Ltd. (now Restar Supply Chain Solutions Co., Ltd.) Oct 2011 Joined Icheco Co., Ltd. (now Vitec Device Co., Ltd.) Apr 2012 Joined Vitec Co., Ltd. (now Vitec Holdings Co., Ltd.) Apr 2020 General Manager, Business Development Office, the Company Jun 2024 Director (Full-time Audit and Supervisory Committee Member), the Company (current)

1970-05-22

Senio TEZUKA

Director, Audit and Supervisory Committee Member

Mar 1972 Joined Tohmatsu & Aoki Audit Corporation (now Deloitte Touche Tohmatsu LLC) Apr 1974 Registered as Certified Public Accountant Jul 1992 Representative Partner, Tohmatsu Audit Corporation (now Deloitte Touche Tohmatsu LLC) Jun 2013 Retired from Deloitte Touche Tohmatsu LLC Jun 2015 Outside Director (Audit and Supervisory Committee Member), Vitec Holdings Co., Ltd. Jun 2016 Outside Audit & Supervisory Board Member, Yakult Honsha Co., Ltd. Apr 2019 Outside Director (Audit and Supervisory Committee Member), the Company (current)

1948-01-09

Reiko DATE

Director, Audit and Supervisory Committee Member

Apr 1983 Joined OSD Co., Ltd. Apr 1995 Managing Director, OSD Co., Ltd. Jan 2001 Joined Daiwa Seiki Co., Ltd. Jan 2005 Representative Director, President, Daiwa Seiki Co., Ltd. Jan 2011 Joined Nanbu Kasei Co., Ltd. Jun 2020 Outside Director (Audit and Supervisory Committee Member), the Company (current) Jun 2025 Auditor, Tachibana Gakuen Educational Corporation (current)

1951-12-21

Sachiko KASANO

Director, Audit and Supervisory Committee Member

Oct 2001 Registered as attorney-at-law; joined Miyakezaka Sogo Law Office Jan 2011 Partner, Miyakezaka Sogo Law Office Jan 2016 Opened Kasumon Sogo Law Office (now Shiomizaka Sogo Law Office) (current) Jun 2021 Outside Audit & Supervisory Board Member, Socionext Inc. Mar 2022 Outside Director (Audit and Supervisory Committee Member), Socionext Inc. Jun 2023 Outside Director, Socionext Inc. (current) Jun 2023 Outside Director (Audit and Supervisory Committee Member), the Company (current) Nov 2023 Outside Audit & Supervisory Board Member, PRAP JAPAN Inc. (current)

1977-04-14

Large Shareholding Reports

SBI Holdings, Inc.

2026-05-25

5.15%

Annual report (as of 2026-03-31): 3.55%

―

2024-10-04

8.65%→0.18%

―

2024-05-17

9.63%→8.65%

―

2023-09-26

9.63%→9.63%

―

2022-04-20

9.63%→9.63%

―

2021-12-27

9.38%→9.63%

―

2021-11-19

8.24%→9.38%

Disclosures

No disclosures

Primary Source Filings

TDnet

2026-08-07

業績予想の修正

FY ending Mar 2027

Restar Corporation

Try the full product

Restar Corporation

Try the full product

More Japanese companies in Wholesale Trade